Results 81 to 90 of about 7,610,034 (219)

'Financialisation' in Post-Keynesian models of distribution and growth - a systematic review [PDF]

We review recent attempts to integrate 'financialisation' processes into Post-Keynesian distribution and growth models and distinguish three principal channels of influence: 1. objectives and finance restrictions of firms, 2.
Till van Treeck, Eckhard Hein
core  

Accounting for Financialization: Stock-Flow-Consistent Political Economy

World Review of Political Economy, 2015
We adopt the Post Keynesian input-output framework pioneered by Wynne Godley to delve into both the causes and consequences of financialization. The distinction between National Income accounting and stock-flow-consistent modelling is showcased.
Amelia Correa, Romar Correa
doaj   +1 more source

Hyperinflation and High Inflation in Venezuela: Monetary or Exchange Rate Origin?

Kyklos, EarlyView.
ABSTRACT From 2018 to 2021, Venezuela experienced a period of intense hyperinflation. There are two hypotheses regarding the origin of such hyperinflation. The monetarist hypothesis attributes hyperinflation to excessive growth in the money supply, typically resulting from public deficits. Alternatively, the structuralist balance of payments hypothesis
Pedro Atienza Montero
wiley   +1 more source

Anticipations of the Crisis: On the Similarities Between Post Keynesian Economics and Regulation Theory [PDF]

The purpose of this paper is to explore the similarities between Post Keynesian Economics (PKE) and Regulation Theory (RT). It is argued that, despite important differences between these traditions, the analytical contents of PKE and RT display broad ...
Mark Setterfield
core  

Real and Apparent Deviations From Rational Choice

Kyklos, EarlyView.
ABSTRACT This paper offers a taxonomy of real and apparent deviations from rationality. The taxonomy is based on three axes of divides—whereas the axes are successive refinements. The outermost‐axis divide delineates “anxiety‐based choices” from “anxiety‐free choices.” Anxiety‐based choices are real deviations such as the Allais and Ellsberg paradoxes ...
Elias L. Khalil
wiley   +1 more source

The Cost Channel of Monetary Policy in a Post Keynesian Macrodynamic Model of Inflation and Output Targeting [PDF]

This paper contributes to the debate about whether or not inflation targeting is compatible with Post Keynesian economics. It does so by developing a model that takes into account the potentially inflationary consequences of interest rate manipulations ...
Gilberto Tadeu Lima, Mark Setterfield
core  

Keynesianism and U.S. Economic Transformation

Review of Economic Analysis
This paper offers a historically grounded reinterpretation of Keynesianism within the context of U.S. economic development and global capitalist transformation.
Hiroaki Hayakawa
doaj   +1 more source

Reassessing the Impact of Artificial Intelligence on Employment: Evidence Against the Mass Job Loss Hypothesis

LABOUR, EarlyView.
ABSTRACT Advances in artificial intelligence (AI) and robotics since 2000 led to widespread concern that automation would eliminate a massive number of jobs. Frey and Osborne's influential study concluded AI and robots might eliminate nearly half of all US jobs between 2010 and 2030.
Michael J. Handel
wiley   +1 more source

Post Keynesian Monetary Theory for an Open Economy

, 1987
First paragraph: Frenkel and Johnson (1977, p. 24) present their theory of the balance of payments as being monetary, rather than "monetarist", on the grounds that it relies on a representation of the demand for money function which is generally accepted
Dow, Sheila
core  

My journey to becoming an economist

PSL Quarterly Review
In this autobiographical essay, Sunanda Sen retraces her formation as an economist – a woman from the global South who came of age in post-independence Calcutta.
Sunanda Sen
doaj   +1 more source